The Best Factoring Companies for the Tech Industry
We know that technology is ever changing. Accordingly, if you hope to compete in your industry, you must have the latest and greatest of everything to best serve your customers. It’s tough to stay ahead of the curve without a stable source of working capital. If slow-paying customers are impacting your cash flow, invoice factoring may be the fix.
Invoice factoring for technology companies is the best way to get the funding you need to pay bills, make payroll and take on new customers with ease. With technology factoring, your options are limitless— instantly cover all of your business expenses and watch your business grow right before your eyes. Accounts receivable factoring can help your tech business with:
- Payroll expenses
- Operating costs
- Technology and software upgrades
- Marketing costs
We know factoring. Count on us to partner your small business with the best factoring company for your tech company.
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We know how to get your business funded. If you’re not sure which funding product is best, we’ll walk you through the options.
Invoice Factoring for Technology Firms is Easy
When it comes to technology factoring, there is no question about it; it is a win-win scenario. Working with factoring companies is the easiest way to free up working capital you need to grow your business while simultaneously allowing your clients to keep to their original pay schedule. So, instead of waiting weeks and weeks for a bank loan to go through, give invoice factoring a try. We can get you partnered with a factoring company and approved for funding in as little as one week’s time.
Submit Invoices
Your tech company submits invoices to factor. The factor verifies that the work has been completed.
Payment
Once the factoring company receives your invoices, they’ll issue a cash advance to your business within 24-hours.
Repeat
Repeat the technology factoring process as needed.
Benefits of Tech Factoring Services
Same Day Funding
- Funds within 24 hours or less
- Funds via ACH or wire transfer
Easy and Flexible
- Month-to-month contract terms
- No minimum volume requirements
Great Rates
- Factoring fees from 1%
- High advances
Technology Funding FAQs
Have more questions? Check out our general invoice factoring FAQ page
Q: What invoices can my technology company factor?
A: Eligible invoices include current, payable by another business and un-pledged by any other company.
Q: Will factoring leave my technology company in debt to the factoring company?
A: Factoring is not like a bank loan. It’s simply an advance on your invoices. There is no debt to repay.
Q: What types of technology companies use factoring?
A. There are many different companies that use factoring, such as app developers, tech support, hardware manufacturers and more. Factoring is a smart option for tech startups that could benefit from extra cash flow as they grow.
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Technology Companies in the United States
Our marketplace is all about getting you exactly what you need to grow your technology business. The thought of financing your business can be stressful, but we are here to make it simple. We will dip into our network of factoring companies for technology and partner you with the best one in our marketplace.
Technology factoring experts, at your service. 216.279.5144
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